News

Eating In at Laurel Park Place

BY CSA STAFF

When Chattanooga, Tenn.-based CBL & Associates Properties redevelops existing retail space at Laurel Park Place mall in Detroit, it will add a 34,000-sq.-ft., seven-unit upscale food court that features offerings such as Bistro X, Sbarro, Asian Too and The Great Steak & Potato Co. A large stone fireplace, lighting enhancements and an expanded family restroom and lounge are focal points of the planned improvements.

According to Stephen Lebovitz, president, CBL, “The addition of a food court at Laurel Park Place underscores our commitment to meet the demands and needs of the marketplace by delivering much-needed fast-casual dining options to Laurel Park shoppers in a comfortable and inviting setting.”

A grand opening of the new food court is slated for the 2008 holiday season.

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FINANCE

Camping World acquires another company

BY Deena M. Amato-McCoy

The largest U.S. chain dedicated to recreational vehicles is still in growth mode.

Camping World Holdings said Tuesday that it will acquire Cooper’s RV Center. Residing in the greater Pittsburgh region, the company serves western Pennsylvania with a broad assortment of RVs, and built its brand on a high level of customer service, said Marcus Lemonis, chairman of Camping World Holdings.

“We look forward to upholding this tradition and providing their customers and the greater community with the added benefits that our national network of RV SuperCenters can provide,” he said. “With thousands of RV and outdoor-related products and services, Camping World can fulfill every need of the RV and outdoor enthusiast.”

Camping World currently operates RV dealerships in the Hanover and Harrisburg areas of Pennsylvania. With the acquisition of Cooper’s RV Center, Camping World plans to significantly expand its market footprint and presence in western Pennsylvania, the company reported.

Coopers RV Center is the latest Camping World acquisition. Over the last six months, the company has acquired certain assets of Gander Mountain, a retailer focused on hunting, fishing, camping, and outdoor gear; Overton’s, a retailer of boating and marine accessories, and TheHouse.com, an online retailer specializing in bikes, sailboards, skateboards, wakeboards, snowboards and outdoor gear.

Last week, the company announced it will acquire Uncle Dan’s Outfitters, a specialty retailer of outdoor gear, apparel and camping supplies.

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REAL ESTATE

Phillips Edison expands national accounts effort

BY Al Urbanski

Phillips Edison, which recently announced the formation of a $4 billion REIT focused on grocery-anchored centers, has added to its national accounts team.

Stuart Shapiro, who oversaw leasing for properties in the Company’s southeast region, will assume the newly created role of senior director of national accounts. Ryan Mitzel, who previously was a leasing agent for the company, has been promoted to director of national accounts for the East. Both will report to Mike Conway, VP of national accounts and retailer partnerships.

In a press release, Conway said Shapiro’s role was created to add depth to the company’s retailer relationships.

Last week, the company announced the formation of The Phillips Edison Grocery Center REIT I following its acquisition of certain real estate assets and third-party management businesses of its former sponsor and external advisor, Phillips Edison Limited Partnership.

The new enterprise will manage a portfolio of 235 centers across 32 states, representing more than 26 million sq. ft. of retail space.

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